Fort Worth Property Management: The Seven Specialized Guarantees

When people ask us what makes Specialized Property Management Fort Worth special, we always tell them it’s the seven specialized guarantees. We promise our clients more peace of mind than anyone else can offer through our specialized services. Hiring a property manager can help you avoid costly errors, especially if you’re just starting out with your rental property. 

“For a property investor who is just starting out, hiring the wrong repairman or taking too long to fill a vacancy can quickly eat into your potential income. Mistakes such as being accused of discrimination because you did not understand the Fair Housing laws, or of being a slum lord for not getting the heat fixed in time, can lead to the demise of your investment. It is also important to note that hiring a bad property manager can also destroy your investment. This is why it is so important to do your research and thoroughly screen a property manager if you decide hiring one is right for you.” – thebalancesmb.com

80% of property owners manage their property themselves and end up making simple mistakes, feeling frustrated, and wishing they had someone else to do the hard work for them. That’s where we can help. Our services and guarantees take all the stress out of owning a property. Not only do we handle the everyday hassle and maintenance of owning a property, we also take care of official business and paperwork with exactness, meaning you don’t have to be stressed or worry about making mistakes. The seven specialized guarantees of Fort Worth Property Management back our services and give you peace of mind.

1. 10-Month Quality Tenant Guarantee

We know how important low turnover and a consistent income are to you. We take the responsibility of vetting tenants by performing rigorous background checks to ensure that your property is being occupied by responsible people who can pay the rent. We also enforce collection of rent and take care of the rent payment process for you. Specialized Property Management Fort Worth’s 10-month quality tenant guarantee is that the tenants we place will live at your property for a minimum of ten months. If a tenant we placed breaks their lease and doesn’t comply with the lease terms, we will cover the cost. Previous tenants, tenants placed by the owner or another property manager, tenants in the military that are required to move due to orders or transfer, or tenants who abide by the terms of their lease in breaking the lease by paying all required fees are not covered by this guarantee. 

2. Eviction Protection Guarantee

Though we work hard to make sure that tenants are reliable, pay their rent, and stay in your property for a long time, we have prepared for the unexpected at Fort Worth Property Management. Our eviction protection guarantee will pay for the cost of an eviction for the first 10 months of the management agreement. You can opt-in for the Eviction Protection Plan by paying only $14 per month starting in the 11th month. This will cover the costs of the eviction plus the costs of a Writ of Possession. This protection plan saves you from having to pay thousands of dollars. Evictions can be expensive, require extensive time and legal expertise, and be a huge stress on you. Our clients have the Eviction Protection Plan as a worry-free alternative if an eviction does become necessary. 

3. Price Match Guarantee

At Specialized Property Management Fort Worth, we know there are other property management options out there. Our excellent customer service and these seven guarantees are what set us apart. If you find a competitor that offers equivalent property management services to what we do, we will happily match that competitor’s price. You won’t have to worry about sacrificing incredible customer service and proven processes just to save money by going with a different property management company. All you have to do is present the competitor’s proposal to us before signing the management agreement and we will adjust pricing to match it. This is valid on new contracts only and is not retroactive. This way, you get the price that is right for you, along with all the benefits of our services and guarantees.

4. Legal and Accounting Compliance Guarantee

The last thing you need is for your property manager to try to cut corners and leave you with a violation that can cost much more than the management itself. Our Fort Worth Property Management guarantee protects you from managers who are either ignorant, neglectful, or unethical in the way they do business and end up violating trust accounting, fair housing, property code, landlord/tenant regulations, or complex accounting compliance procedures. If your property manager doesn’t know or care enough to be meticulous about what they are doing, it puts you at risk both financially and legally. Our firm guarantee promises that 1) your property will comply will all laws; municipal, state, and federal, 2) all criteria required by the State Department of Real Estate and CPA GAAP regulations will be correctly met by your financials, and 3) your records will be organized properly if you are audited. These guarantees will not only provide you with immense peace of mind, they will also keep you organized and your financial matters safe. 

5. Customer for Life Price Guarantee

Some property management companies will raise their fee every time a lease is renewed. At Specialized Property Management Fort Worth, our clients won’t have to deal with that for the first three years. When you sign your service agreement, the fee that is set in that meeting is locked in for three years. This way you can manage your money wisely, know what to expect, and not have to worry about increased fees. If you hire us for any additional rental properties you acquire over the three years, your fee will be the same as the initial fee for those properties as well, even if our fee policies have changed for new clients. This guarantee takes the pressure off and lets us prove to you that our services are worth your investment. Read this article from Part-Time Money for more information about if a property management company is really worth the fees. 

“Of course only you can truly answer if a property manager is worth their fee. You will have to consider your profit margin. Is the rent you are able to charge your tenants barely covering your mortgage, insurance, private mortgage insurance (PMI), taxes, homeowners association fees, maintenance, and the host of other costs of owning residential rental real estate? Like most things in personal finance, the answer is that it depends. What do you want to do with your property? How involved do you want to be–or can you be? For many landlords, it makes sense to hire someone who can manage your property for you. But often it is simply a profit calculation you have to make and live with.”

6. Money-Back Guarantee

We know that just like any relationship, your relationship with us may change. We don’t want any of our clients to feel stuck if they are unhappy. That’s why Fort Worth Property Management guarantees a refund of your first two months’ management fees if you’re not happy with our services in the first 60 days. If you have a sudden change of plans for some reason and no longer need property management, we completely understand. We guarantee a smooth, easy transition without stress, drama, or cancellation fees. As long as your notice is written and sent to us 90 days before you want to cancel and all your vendor invoices are paid in full, we can ensure that both you and your tenant have a satisfying transition and that you meet all your legal and financial obligations. 

7. 100% Customer Satisfaction

Our clients at Specialized Property Management Fort Worth are the number one priority. You can enjoy our unsurpassed service and efforts to make sure that you are 100% satisfied when you trust your property management with us. We do everything we can to exceed your expectations, or accept responsibility and make it right. Our level of service goes far above the industry standard while keeping fees affordable for you. The combination of our committed customer service, superior experience, highly qualified team, and proven processes, offers you the ability to save money long-term and complete experience peace of mind. 

“We would like to thank you for all the years that you have stood behind us…It has been a pleasure renting from you and having you as our property management company.” – Ricky L., Owner

The seven specialized guarantees are why many of our clients know they can trust us and have no regrets about working with us. Because we have earned the trust of our clients, we can better serve them and form positive, lasting relationships with them. The reason that our Fort Worth Property Management team and our company in general has received the highest online ratings and customer levels in our industry is that our seven specialized guarantees make life easier for both old and new clients alike. Stop trying to do everything yourself and start minimizing your daily stress. Call today to find out how you can gain greater peace of mind by trusting us to manage your property.

Communicating with Your Fort Worth Property Manager: What to Know

You have decided to entrust the management of your rental property to a professional property manager. Congratulations. Smart investors know that this is the best way to earn more on your investment and have a more profitable and successful experience. Read more

DIY vs. Professional Property Management in Fort Worth

The temptation to manage your own investment property is understandable. You probably think you can save money by not paying a management fee every month. Maybe you like to do home improvement projects, and you think you’ll have no problem keeping up with the maintenance and repairs that your property needs.

DIY property management can work for some Fort Worth rental property owners. If you have a lot of time to dedicate to finding tenants, screening applications, managing resident requests, and keeping your home maintained, you might be able to do it successfully. If you’re able to stay up to date on all the laws pertaining to landlord and tenant relationships and behavior, you probably won’t have to worry about lawsuits or complaints. And, if you follow the rental market closely and you understand the local rental rates and tenant pool, you won’t have to worry about losing money on low rents and high vacancy rates as a DIY landlord.

Read more

How Full-Service Leasing Management Works

What exactly does a full-service leasing management company do for you? Below you can explore what Specialized Property Management Fort Worth does during the rental cycle to reduce vacancy days and save you money.

Inspecting

Your property manager will inspect the property ensuring it is “rent-ready” before potential tenants see it. This is the first step we take to make your property stands out from the competition. We will make recommendations for any property maintenance or upgrades that will reduce vacancy days and increase cash flow. A mid-lease inspection is also performed to ensure lease compliance and property upkeep. See our blog on inspections to learn more.

Marketing

Our leasing management team will post signage in your yard, advertise on dozens of websites, and create video walkthroughs for our youtube channel. Aggressive online marketing is important as people spend more and more time searching for rental homes online. The more exposure your property gets, the more likely it is to rent quickly. Visit our youtube channel to see examples of video walkthroughs.

Showings

Along with high-quality video walkthroughs our property managers arrange live showings for potential tenants. These showings can make a huge difference for applicants on the fence about which property they want to rent. Our property managers show off the best your property has to offer while demonstrating the professionalism tenants should expect from a property manager.

Screening

One of the most important steps in the rental cycle is screening your applicants because it will protect you against evictions. Your tenant must have solid employment and a clean criminal and rental history. Finding a reliable tenant will reduce turnover, maintenance costs, and evictions. A well-qualified tenant is worth waiting for, so don’t settle for anything less. For more information on our tenant screening process read here.

Signing

Lease signing involves much more than the physical signing of papers. For property owners or managers, it means preparing and executing the leasing documents in accordance with the leases and addenda promulgated by the Texas Association of Realtors. Our professional leasing management team will prepare these documents promptly so your new tenants can move in quickly. We will also provide your new tenant with formal training on how to take care of the property, what their responsibilities are, and who to call in case of emergency.

Collecting

Your tenant’s lease will clearly communicate our rent collection process, so there is no confusion. Our process helps avoid late payments, and we offer an online portal to give tenants an easy and quick way to pay. We deposit rent funds into your account electronically for prompt payment. To learn more about rent collection and other financial services we offer, read this post.

Maintaining

Periodic preventative maintenance is a must for any rental home to ensure your tenants are happy and your home is well cared for. When your property’s systems are maintained properly, they will perform well in the years to come. Our team is also available 24/7 for any maintenance emergencies. Repair requests are always handled in a timely manner by qualified, licensed professionals. For more information on maintaining your rental home read this post.

Renewing

Tenant turnover is costly, even if vacancy days are kept to a minimum. Re-keying the property, deep cleaning, shampooing carpets, inspections, and marketing are all necessary expenses incurred by tenants. Our team works hard to renew each tenant’s lease by being proactive and professional in our efforts. Our excellent customer service and tenant perks reduce turnover and keep your tenants happy.

Moving

Of course, tenants do move on, and when that happens, we are here to make sure the process runs smoothly. Our team processes notices and answers any questions the tenant may have about the transition. After move out, we walk through the unit to inspect the property, taking note of any work that needs to be done, and managing deposit disbursements.

Reporting

Most real estate management companies will give their clients occasional maintenance reports and year-end tax statements. Our team goes beyond that with detailed accounting, activity reports, maintenance reports, and statements available 24/7 through our online owner portal. During the leasing process, we also provide weekly updates to owners. Our team goes the extra mile to make sure you are informed every step of the way.

Professional Leasing Management in Fort Worth

Hiring a professional property management company can save you money and stress. When you’re researching real estate management companies, keep in mind Specialized Property Management Fort Worth provides the following benefits:

  • Reduce vacancy days through proper inspecting, marketing, and showings.
  • Place and keep reliable tenants in your home by screening, signing, moving, and renewing.
  • Take care of the day-to-day details of collecting and maintaining.
  • Give property owners peace of mind with excellent reporting and our 24/7 online portal.

To schedule your free rental consultation call Specialized Property Management Fort Worth today.

Ft Worth Property Management Protects Your Investment

As a landlord, you have to think about your home as a business investment. However, many landlords are not aware of the complexities of owning rental property, which puts their investment at risk. An experienced, professional Fort Worth property management company can help you minimize mistakes and protect your investment.

Ft Worth Property Management Dos and Don’ts

Your Fort Worth property management company knows owning a rental home is a full-time job. Marketing, maintenance, and rent collection are just the tip of the iceberg when it comes to property management. While not an exhaustive list, here are a few property management dos and don’ts you should keep in mind as a landlord. Being unaware, or simply forgetting one of these dos and don’ts can mean costly fines or long vacancy times at your property.

Do:

    • Rigorously screen tenants to reduce turnover and evictions
    • Have a copy of the lease agreement signed by all parties
    • Inspect property with tenant prior to move in and provide a move-in inspection list
    • Keep property insured and require tenant to purchase renters insurance

Don’t

    • Wait to respond when a tenant has a request
    • Break any housing laws, whether local, state, or federal
    • Evict a tenant without going through the proper legal channels
    • Hide a foreclosure proceeding from your tenant

How a Quality Fort Worth Property Management Company Helps

A quality, experienced property management company like Specialized Preperty Management knows the ins and outs of property management and can help you avoid costly mistakes. The list of dos and don’ts can be a lot to remember for any landlord, especially if being a landlord is not your full-time job. Specialized has been in the business for almost 30 years because landlords know they can trust us with their investments. From screening tenants to inspecting and maintaining your home, the Ft Worth property management at Specialized have everything covered. To hear about all the services we offer give us a call today!

IS SELF-MANAGEMENT RIGHT FOR YOU?

Arlington property management company, Arlington residential property management

If you own rental property, you may wonder if self-management is the right choice for you. Self-managing seems like a good idea at first, but it often ends up costing new landlords dearly in time and money. Managing a rental property is a full-time job that requires expertise in areas such as realty, marketing, maintenance, and legal issues. In the end, hiring an experienced Arlington property management company will save you time, money, and a whole lot of headaches.

WHY SHOULD YOU HIRE ARLINGTON RESIDENTIAL PROPERTY MANAGEMENT?

Consider the story of Steve, a landlord who has been successfully managing his property for a few years. At first, his tenants were ideal. They always paid their rent on time and kept up the property. Over time Steve got busy with his home life and other job and let a few inspections and preventative maintenance tasks slip by. His tenants noticed he wasn’t taking care of the home, so they did the same. Eventually, the tenants got into financial trouble and started paying rent late or skipping it altogether. When Steve finally made time to visit the property he found it in shambles with multiple lease violations. He started considering an eviction. But tenant turnover is expensive, and one look at the legal fees and hoops made Steve realize evicting was going to be a long and expensive process that he simply didn’t have the time or money for.

You see, managing your property can be easy in a perfect world with perfect tenants. But we don’t live in a perfect world, and there are no perfect tenants. Every landlord will run into difficulties now and then. When those problem come, you want a professional and experienced Arlington property management company to help you out.

HIRE THE RIGHT ARLINGTON PROPERTY MANAGEMENT COMPANY

Specialized is an industry leader with over 30 years of experience. We didn’t become that by chance, it took years of hard work. When you hire our experienced, professional property managers you know you are getting the best for your investment. If you’re ready to leave the headache of self-management behind, call Specialized, the Arlington residential property management company you can trust with your investment.

Why should you hire Fort Worth Property Managers?

If you own an investment property you may be wondering, what can an Fort Worth property management company do for you? Will hiring property managers help or hurt your bottom line? As an investor, you want to be sure you’re getting a good return on your investment. Specialized is here to show you how hiring a property manager is an affordable and reliable way to take care of your rental home and get a better return.

WHAT DOES FORT WORTH PROPERTY MANAGEMENT DO?

Specialized is a full-service property management company, meaning we take care of every aspect of your rental property. Our Fort Worth property managers ensure the best performance in every facet of property management. We are here for the day-to-day hassles like marketing, leasing, maintenance, and accounting. You can also rely on us for the once in awhile tasks like collections, evictions, inspections, and compliance. We’ve been in the business for over 30 years. All that time has given us the experience needed to turn your investment property into a success.

HOW CAN FORT WORTH PROPERTY MANAGERS GET YOU A BETTER RETURN?

At Specialized we pride ourselves on being an affordable and reliable property management company. Vacancy days are one of the biggest costs associated with owning rental property. With our experienced team and proven processes, your home will lease faster, so you can reduce the number of days it sits vacant. Our Fort Worth property management also reduces turnover by placing reliable tenants and being available 24/7 for any tenant emergency. We will save you money on costs by avoiding expensive mistakes and performing regular maintenance to ensure the longevity of your home’s systems. Thousands of investors around the country rely on us because of our professionalism, experience, and reliability. To start getting a better return on your investment, give us a call today.